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Time now: Jun 1, 12:00 AM

My trading journal using technical analysis

An ascending channel has formed on the USDCAD H1 chart. The price is approaching its upper boundary, which could be a potential downward reversal point. The RSI indicator is also showing divergence, which could also confirm an imminent reversal. If there's a downward rebound, the first sell target could be the support level at 1.3869.
 

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The USDCHF pair shows an ascending channel within a range on the H4 timeframe, bordered by resistance at 0.7923 and support at 0.7775. However, a downward rebound from the upper boundaries of the range and ascending channel occurred earlier. The downward movement may continue to the lower boundary of this ascending channel.
 

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The USDJPY pair has formed an uptrend. A breakout and consolidation above 160.00 occurred. A pullback to this level is possible for a retest, followed by an upward rebound, where the next target for a continued bullish move could be the resistance level at 160.81.
 

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Live Forex Chart

Currency
Rates
EUR / USD
1.15417
USD / JPY
160.035
GBP / USD
1.33518
USD / CHF
0.79633
USD / CAD
1.39402
EUR / JPY
184.707
AUD / USD
0.70574
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